how to set up icloud for family and one itunes account

I just got a new disk drive in my MACbook (now upgraded to Mountain Lion) so starting from scratch with itunes. With 4 IOS devices in the family and only one itunes account, I would like to figure out how to backup every device to itunes. I was able to save old itunes data on a jump drive, but did not have a Time Machine backup so I am literally starting from scratch and want to do it right.

I need to get data from IOS devices to itunes(via ICLOUD?) before I hook up device to "new" disk drive on MAC.

I am scared I will loose the data on the devices when I hook them up to the new Mac. Any help would be appreciated...

Can we each have separate Icloud IDs and still have one Apple ID we use for Itunes account?

"Can we each have separate Icloud IDs and still have one Apple ID we use for Itunes account?"

Yes, that's the suggested way of doing it.

As for starting from scratch - you need to decide which Apple ID to use for the mac. If each member of the family uses the mac, then set up a seperate account for each and use the Apple ID (the one used for iCloud) to sign into icloud. Use the common ID for itunes purchases. I'd suggest first syncing devices to icloud to get whatever data is important (contacts, events, ...) saved. When on the mac you connect to an iCloud account, the data (just synced from a device) will come down to the mac (for that account).

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